United Dominion Realty Trust (NYSE:UDR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of United Dominion Realty Trust (NYSE:UDR) from a hold rating to a sell rating in a research report sent to investors on Sunday.

A number of other research analysts have also commented on the company. Piper Sandler decreased their price objective on United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. BNP Paribas Exane downgraded shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. UBS Group lowered their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. BNP Paribas downgraded shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Finally, Scotiabank lowered their target price on shares of United Dominion Realty Trust from $46.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.10.

United Dominion Realty Trust Stock Performance

Shares of NYSE UDR opened at $34.67 on Friday. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $11.46 billion, a P/E ratio of 78.79, a P/E/G ratio of 7.76 and a beta of 0.84. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.62. The stock has a 50 day moving average of $36.18 and a 200-day moving average of $38.92.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. United Dominion Realty Trust had a return on equity of 4.51% and a net margin of 8.80%.The business had revenue of $399.55 million during the quarter. As a group, equities research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 9th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 390.91%.

Institutional Trading of United Dominion Realty Trust

Large investors have recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in United Dominion Realty Trust by 4.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 336 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 337 shares in the last quarter. Graham Capital Wealth Management LLC raised its holdings in shares of United Dominion Realty Trust by 0.7% during the 1st quarter. Graham Capital Wealth Management LLC now owns 63,707 shares of the real estate investment trust’s stock worth $2,878,000 after buying an additional 466 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of United Dominion Realty Trust by 9.6% during the 1st quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 498 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in United Dominion Realty Trust by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 116,693 shares of the real estate investment trust’s stock valued at $5,271,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.